Shared Mobility Market - Size, Share, Industry Trends, and Forecasts (2025-2032)

By Type:

Based on type, the market is segmented into ridesharing, vehicle rental/leasing, ride sourcing, and private.

Trends in the type:

• Rising adoption of ridesharing services for facilitating cost-effective travel, reduced traffic congestion, and environmental benefits.
• Increasing adoption of vehicle rental/leasing services, attributing to its several benefits such as route flexibility, increase comfort and convenience, cost savings, and others.

Ridesharing segment accounted for the largest revenue share of 41.47% in the overall market in 2024.

• Ridesharing is the process in which a user shares a vehicle with other users. It enables numerous passengers commuting in the same direction to request a ride and share the same driver to their corresponding destinations.
• Moreover, ridesharing solution offers various benefits such as reduced traffic congestion, cost-effective travel, increased user convenience, improved flexibility, and environmental benefits among others.
• For instance, in February 2025, Uber launched its new private car ridesharing service in Assam, India. The company’s new ridesharing service offering can be integrated into Assam’s existing mobility infrastructure for providing shared transportation solutions.
• Thus, increasing advancements associated ridesharing solutions are accelerating the shared mobility market size.

Vehicle rental/leasing is anticipated to register substantial CAGR growth during the forecast period.

• Vehicle rental/leasing refers to a business that offers several types of vehicles for temporary use by customers.
• Vehicle rental/leasing services usually enable individuals or businesses to rent vehicles for short-term periods, ranging from a few hours to several days or longer.
• Moreover, vehicle rental/leasing provided a range of benefits such as route flexibility, increase comfort and convenience, cost savings, and others.
• For instance, Avis is a U.S-based car rental service provider that offer short-term to long-term car rental/leasing services in its service offerings. The company offers a broad range of vehicles for rental/leasing purpose as per the user’s requirements.
• Thus, increasing development of vehicle rental/leasing solutions are projected to boost the market during the forecast period.

By Vehicle Type:

Based on vehicle type, the market is segmented into passenger cars, LCVs, buses & coaches, and micro mobility.

Trends in the vehicle type:

• Factors including the rising disposable income, growing sales of passenger cars, and progressions in autonomous driving systems are key aspects propelling the passenger cars segment.
• Factors including the rising sales of heavy-duty vehicles, growing investments in commercial vehicles, and increasing need for economical modes of transportation are primary determinants for driving the commercial vehicles segment.

Passenger cars segment accounted for the largest revenue share in the overall shared mobility market share in 2024, and it is anticipated to register significant CAGR growth during the forecast period.

• Passenger cars refer to multi-track vehicles with at least two axles, intended for the carriage of passengers and designed to seat maximum nine individuals including the driver.
• Moreover, passenger cars used in shared transportation solutions primarily include sedans, SUVs, and others.
• For instance, according to the International Organization of Motor Vehicle Manufacturers, the overall passenger car sales worldwide reached up to 65,272,367 units in 2023, representing an increase of 11% from 58,644,601 units in 2022.
• Therefore, rising advancements related to passenger cars are driving the shared mobility market trends.

By Business Model:

Based on business model, the market is segmented into P2P, B2B, and B2C.

Trends in the business model:

• The adoption of B2C ridesharing model is primarily driven by its key features including live tracking of vehicles, increased security, and improved management of fleet to provide drivers and fleet owners seamless mobility service.

• Rising adoption of B2B ridesharing model to help businesses manage costs efficiently and promptly meet varying transportation needs.

B2C segment accounted for a substantial revenue in the total shared mobility market in 2024.

• B2C shared mobility model primarily includes services such as sharing of vehicles and ride-hailing, which are delivered directly to consumers by the relevant provider.
• The vehicles utilized in B2C services are typically owned by the service providers.
• For instance, Ola Pvt Ltd. is a shared transportation provider that offers ride-sharing services directly to consumers through the use of the Ola app.
• According to the shared mobility market analysis, the increasing advancements related B2C shared transportation solutions are driving the shared mobility market trends.

B2B segment is anticipated to register significant CAGR growth during the forecast period.

• B2B (business to business) ride sharing model helps businesses reduce their private vehicle fleets.
• B2B mobility sharing reduces vehicle parking, fleet size, and emissions by sharing car services between companies. B2B mobility sharing enables companies share vehicles with employees while reducing traffic and emissions.
• For instance, Uber is a shared transportation service provider that offers Uber for Business in its service offerings. Uber for Business is a B2B fleet service that allow companies to adjust their transportation resources on-demand and manage rides while eliminating the long-term commitments and costs of maintaining their own fleet.
• Thus, rising adoption of shared transportation solutions among business enterprises is anticipated to drive the market during the forecast period.

By Vehicle Propulsion:

Based on the vehicle propulsion, the market is segmented into IC engine vehicles and electric vehicles.

Trends in the vehicle propulsion:

• Increasing adoption of IC engine powered vehicles for shared transportation services, due to its several benefits including increased availability of refueling stations, quicker acceleration, higher power output, and others.
• There is a rising trend towards utilization of electric vehicles for shared transportation services, attributing to its lower emissions and eco-friendliness.

IC engine vehicles segment accounted for the largest revenue in the overall market in 2024.

• IC (internal combustion) engine vehicles include gasoline/diesel-powered vehicles, which are the most prevalent in the automotive sector, and several shared transportation vehicles utilize petrol and diesel engines for their powertrains. Moreover, petrol/diesel is readily available at fuelling stations, making it convenient for consumers to refuel their vehicles.
• Additionally, IC engine vehicles offer a range of benefits including quicker acceleration, higher power output, smooth operation, and lower costs, making them suitable for shared transportation applications.
• For instance, Ola offers several models of IC engine powered vehicles for ridesharing services in its vehicle portfolio.
• Therefore, the rising adoption of IC engine powered vehicles for facilitating shared transportation services is driving the market.

Electric vehicles segment is anticipated to register fastest CAGR growth during the forecast period.

• Electric vehicles use electric motors powered by batteries instead of internal combustion engines.
• Moreover, electric vehicles provide numerous benefits including lower emissions, eco-friendliness, immediate torque delivery, cost-efficiency, and availability of wide range of models among others.
• For instance, Uber offers Uber Green solution in its offerings, which enables users to request for electric vehicles including hybrid electric vehicles, plug-in hybrids, and battery electric vehicles for ride sharing and renting purposes.
• Therefore, according to the analysis, the increasing adoption of electric vehicles for shared transportation solutions is anticipated to propel the market during the forecast period.

By Sector Type:

Based on the sector type, the market is segmented into unorganized and organized.

Trends in the sector type:

• There is a prevalence of substantial number of shared transportation solution providers operating in the organized sector, adhering to laws, regulations, and standards.
• Factors including increased reliability, safety, efficient operations, and improved customer supports are among the key aspects driving the organized sector.

Organized sector accounted for the largest revenue share in the total shared mobility market share in 2024, and it is anticipated to register a substantial CAGR growth during the forecast period.

• The organized sector typically includes established companies and service providers that are regulated and operate within a formal legal framework.
• Organized sector includes registered shared mobility companies with proper business licenses and compliance with local regulations and laws governing transportation services. Companies operating in organized sector often utilize technology proper platforms and apps for managing rides, booking, and payments.
• For instance, Lyft Inc. and Uber are few of the shared transportation solution providers operating in the organized sector.
• Therefore, the prevalence of substantial number of shared transportation solution providers operating in the organized sector is propelling the market.